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Nairaland Forum / Nairaland / General / Business / Buying From The Floor (815 Views)
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Buying From The Floor by Idagu(m): 6:11pm On Oct 19, 2007 |
Someone knowledgable about this should please help. 1. what is the difference buying a stock at the floor market and at public offers. 2. Which way is more profitable |
Re: Buying From The Floor by easimoni(m): 8:53pm On Oct 19, 2007 |
When you buy a public offer (PO), you have to wait a significant amount of time to recieve your certificate. This means you have to wait 3-12 months before you can sell the shares you bought. (Shares bought on the floor can be resold in 3-5 days) The benefit is that POs are offered at a discount to the current floor price hence you make more when you sell. POs are a lot more profitable as long as you are willing to wait a while to receieve and register your certificates. |
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